China has expressed its support for new members to join the BRICS alliance, according to Chinese diplomats speaking to Russia’s RIA Novosti news agency. With over a dozen countries expressing interest in joining the alliance of major emerging economies, currently comprising Brazil, Russia, India, China, and South Africa, China reiterated its belief in the openness and inclusivity of the group. The Chinese Foreign Ministry’s press office stated that “China has always been convinced that BRICS is an open and inclusive mechanism, Beijing supports the process of BRICS expansion and welcomes the accession of more like-minded partners into the ‘big family’.”
This announcement comes ahead of the BRICS Summit, hosted by South Africa from Tuesday through Thursday. Chinese officials see the development of BRICS cooperation and the promotion of peace, stability, and global prosperity as the primary purpose of the upcoming event. This aligns with the alliance’s goal of enhancing coordination and cooperation among its member countries to address global challenges and promote sustainable development.
South Africa, as the current chair of the BRICS group, has also been advocating for the expansion of the alliance. Last week, the South African Finance Ministry proposed that the New Development Bank (NDB), established by the BRICS member states, should increase local-currency fundraising and lending. Finance Minister Enoch Godongwana stated that this issue would be raised at the summit in Johannesburg. The NDB plays a vital role in funding infrastructure and development projects in member countries, contributing to their economic growth and regional integration.
Furthermore, South Africa has shown openness to the idea of Iran joining the BRICS group. President Cyril Ramaphosa reportedly expressed his country’s interest in Iran becoming a member during a meeting with Iranian Foreign Minister Hossein Amirabdollahian. South Africa considers Iran a friendly country and believes its inclusion in BRICS would strengthen the alliance’s diversity and global influence.
In recent months, other countries, including Argentina, Algeria, Egypt, and Türkiye, have also hinted at their desire to seek BRICS membership. These countries recognize the benefits of joining an alliance that promotes economic cooperation, trade, and investment among its members. BRICS provides a platform for emerging economies to have a greater voice in global affairs and work together towards shared objectives.
The expansion of BRICS would not only enhance the alliance’s capabilities but also foster greater regional and international cooperation. By welcoming new members, BRICS can expand its network of partnerships and create more opportunities for economic growth and development. It would also ensure a more representative and inclusive global governance system, reflecting the evolving dynamics of the global economy.
As the BRICS Summit approaches, the discussions on expanding the alliance will gain momentum. These discussions will shape the future trajectory of BRICS and determine its role in addressing global challenges and advancing the interests of its member countries. China’s support for new members joining BRICS reflects its commitment to strengthening multilateral cooperation and working towards a more prosperous and equitable world.